| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 2069 |
| Technical Name |
us_construction_job_costing_wip |
| License | OPL-1 |
| Website | https://pokutsoft.com |
| Versions | 18.0 19.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 2069 |
| Technical Name |
us_construction_job_costing_wip |
| License | OPL-1 |
| Website | https://pokutsoft.com |
| Versions | 18.0 19.0 |
US Construction Job
Construction job costing & CFMA-style WIP / over-under-billing schedule (ASC 606 cost-to-cost percentage of completion)
Construction job costing & CFMA-style WIP / over-under-billing schedule (ASC 606 cost-to-cost percentage of completion)
Key Features
Jobs (contracts) with CSI MasterFormat-style cost codes /
Jobs (contracts) with CSI MasterFormat-style cost codes / divisions.
An original estimate + budget per cost code,
An original estimate + budget per cost code, with approved budget adjustments and a revised estimate at completion.
Committed costs (purchase orders / subcontracts) with open-c
Committed costs (purchase orders / subcontracts) with open-commitment tracking, and actual costs posted per cost code.
Owner contract value plus approved change orders (revenue
Owner contract value plus approved change orders (revenue and cost impact) feeding a revised contract amount.
Percent complete = cost to date / estimated
Percent complete = cost to date / estimated total cost (capped at 100%).
Earned revenue = percent complete x revised contract
Earned revenue = percent complete x revised contract.
Compare earned revenue to billed-to-date
Compare earned revenue to billed-to-date:
earned > billed => underbilling (costs & estimated
earned > billed => underbilling (costs & estimated earnings in excess of billings — a current asset)
billed > earned => overbilling (billings in excess
billed > earned => overbilling (billings in excess of costs & estimated earnings — a current liability)
A WIP schedule report across all jobs (contract,
A WIP schedule report across all jobs (contract, estimated cost, cost to date, % complete, earned, billed, over/under) that foots.
The period WIP adjusting journal entry that recognizes
The period WIP adjusting journal entry that recognizes the over/under billing position, with prior-period reversal so the ledger always reflects the latest computed position.
Screenshots
Cost Codes
Why Choose This Module
A complete job-cost and Work-in-Process (WIP) engine for US construction contractors, implementing the CFMA-style WIP schedule and ASC 606 over-time (cost-to-cost) revenue recognition.
Specifications
- Compatible: Odoo 18.0 / 19.0
- License: OPL-1
- Languages: 35+
- Author: Pokutsoft
- Dependencies: account
- Support: support@pokutsoft.com
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
Please log in to comment on this module